Which of the following is NOT a reason that the real value of the minimum wage fluctuates considerably over time?
A) Sporadic changes to the nominal minimum wage.
B) Inconsistent enforcement of minimum wage legislation.
C) Inflation.
D) The political difficulty with which changes in the minimum wage occur.
E) Changes in prices over time.

Question

Quizplus · Accepted Answer

Inconsistent enforcement of minimum wage legislation does not directly affect the real value of the minimum wage. The real value is influenced by changes in the nominal rate, inflation, political challenges in adjusting the rate, and overall price changes, but not by how consistently the law is enforced.

Which of the Following Is NOT a Reason That the Real